Valley High Ventures Ltd. (“Valley High”, or the “Company”) (TSXV Symbol VHV.V) is pleased to announce that on February 18, 2011 it obtained an interim order of the Supreme Court of British Columbia authorizing, among other things, the holding of an annual and special meeting of holders of its common shares and options on March 22, 2011 in Vancouver, British Columbia. Meeting materials have been mailed to Valley High’s shareholders of record as at February 16, 2011. Notice of the meeting and record dates have been filed with the appropriate regulatory authorities and are available on SEDAR at www.sedar.com.

As previously announced on January 17, 2011, Valley High and Levon Resources Ltd. (“Levon”) have entered into a definitive arrangement agreement under which Levon will acquire 100% of the outstanding common shares of Valley High by way of a plan of arrangement (“Arrangement”). Under the Arrangement, Valley High shareholders will receive 1.0 share of Levon and 0.125 of a share in a new exploration company, Bearing Resources Ltd. (“Bearing”), for each Valley High share. At the meeting, shareholders will be asked to consider and, if thought fit, approve the Arrangement.

Bearing is currently a wholly-owned subsidiary of Valley High. Upon completion of the Arrangement, Bearing expects that it will be a reporting issuer in British Columbia and Alberta. Bearing will hold Valley High’s exploration properties in British Columbia and the Yukon and approximately Cdn$1.8 million in cash. An application will be made for listing of the Bearing shares on the TSX-V. Any listing will be subject to meeting TSX-V original listing requirements and there is no assurance such a listing will be obtained.

For additional information with respect to voting shares at the meeting please contact the Company’s proxy solicitation agent, Laurel Hill Advisory Group, by email at [email protected] or by telephone at 1-877-304-0211 (toll free within Canada or the U.S.) or 416-304-0211 (for collect calls outside Canada and the U.S.).

About Levon

Levon is a junior gold and precious metals exploration company exploring the Cordero silver, gold, zinc and lead project (51% interest) near Hidalgo Del Parral, Chihuahua, Mexico. Upon completion of the Arrangement Levon will own a 100% interest in the Cordero Project. Levon also holds the Norma Sass and Ruf claims located near the Pipeline gold deposit, which is being mined and explored by Barrick Gold Corporation in the heart of the Cortez Gold Trend in Lander County, Nevada, USA. In addition, Levon holds key land positions at Congress, BRX, and Wayside in the productive Bralorne Gold camp of British Columbia, Canada.

About Valley High Ventures

Valley High is a Canadian based precious and base metal exploration company with projects located in Mexico, British Columbia and Yukon. The Cordero project in Mexico (49% interest) is being evaluated for large bulk mineable silver, gold, zinc and lead deposits. Upon completion of the Arrangement Levon will own a 100% interest in the Cordero Project.

About Bearing Resources

Bearing will be a Canadian based precious and base metal exploration company with projects located in British Columbia and Yukon. The Mount Polley and October Dome projects are located in British Columbia adjacent to Imperial Metals Corporation’s (“Imperial”) Mt. Polley copper-gold mine and includes a production royalty on the Boundary property, with Imperial. In the Yukon, Bearing will have an option to acquire a 100% interest in the Flume gold property which is located within the newly recognized White Gold District. Ryan Gold Corp. has been granted a right to earn up to 75% interest in VHV’s interest in the Flume property. In addition, Bearing will hold additional Yukon exploration properties located near Golden Predator’s Clear Creek gold project and Northern Tiger’s 3Ace gold project.


“Geoff Chater”
Geoff Chater